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ISA round up - 22nd April

There was a surprise move last week with Virgin Money launching a 1 Year ISA paying over 5%. Otherwise, rates largely fell again with most 1 Year ISA rates easing back further. Although there were tiny increases on 3 and 5 Year ISA best buys, generally more providers cut than raised rates in our tables. Last week's inflation figures were worse than the financial markets expected and a Base Rate cut is now being priced in for November, which could help savers. Although it is unlikely that rates will start to reverse recent falls and increase substantially, it is likely to support current rates being held and there may be one or two providers who increase rates by a basis point or two this week. If you are undecided whether to use your ISA allowance in cash or stocks and shares ISAs this tax year, there's a handy guide on Hargreaves Lansdown's website to inform your thinking. Here's our round up of the best buys and key changes in Individual Savings Accounts:

Easy Access ISA

Chip remain best buy paying 5.10%. The popular money app, whose deposits are protected via Clear Bank, lead the way ahead of Zopa Bank who pay 5.08% - although this includes a bonus of 0.50% until 6th May 2025. Cynergy Bank pay 4.90% as they cut their rate on Friday. Family Building Society's Market Tracker ISA pays 4.86% with Principality Building Society just behind offering 4.85% - but their rate includes a whopping 0.75% bonus for 12 months. Kent Reliance pay 4.82% and Charter Savings pay 4.81%.

Notice ISAs

West Brom Building Society are still the best buy with their 60 Day Notice ISA paying 5.10%. Furness Building Society are next with their 90 Day Notice paying 5.01%, just ahead of Teacher's Building Society in third paying 5% for 120 Days and Loughborogh Building Society pay 4.75% for 120 Day's Notice. 

1 Year ISA

Virgin Money surprised the market by coming back in with a best buy 5.05% - but savers need to have or open a Virgin current account to get this rate. However, given the next best is Shawbrook's 4.71% there's a strong financial incentive to do so.  There's four providers tied for third paying 4.70% - OakNorth Bank, Charter Savings, Cynergy and Close Brothers all paying the same rate. Zopa Bank and United Trust Bank lead a plethora of providers at 4.65%.

2 Year ISA

OakNorth lead the way paying 4.62% ahead of Shawbrook at 4.61%. There's a drop to Zopa, Close Brothers and Ford Money who are all tied at 4.50% with United Trust Bank at 4.45% alongside Castle Trust Bank and Hodge. Cynergy and Principality Building Society complete the top 10 at 4.40%.

3 Year ISA

OakNorth Bank with Shawbrook Bank are tied for the best buy position, both paying 4.40%. There's a big drop then to Castle Trust Bank offering 4.25%. Zopa Bank are fourth paying 4.21% with UBL Bank and Close Brothers narrowly behind at 4.20%. United Trust Bank, Leeds Building Society and Hodge all pay 4.15% with TSB completing the top 10 at 4.10%.

5 Year ISA

There's a new best buy as Shawbrook lead the way with a best buy rate of 4.17%, ahead of long time leader UBL Bank at 4.16%. Close Brothers pay 4.05% and Zopa Bank offer 4.01% as there are just four only providers above 4%. Halifax pay 4% and Castle Trust and Hodge pay 3.95%.

Lifetime ISA

Moneybox pay a best buy 4.40% - but their rate does include a 0.90% bonus for 12 months. Tembo, who have bought Nude Finance, pay 4.30% and had briefly topped the charts before being usurped by Moneybox again. Bath Building Society are at 3.79% ahead of Paragon Bank at 3.51%. Beehive Money are just behind at 3.50%. Skipton Building Society pay 3.25% and Newcastle Building Society are lagging at 3%.

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